2981.14
Forfeiture under federal law; disposition of proceeds.

(A)
Subject
to division (B) of this section, nothing in this chapter precludes the
head of a law enforcement agency that seizes property from seeking forfeiture
under federal law. If the property is forfeitable under this chapter and
federal forfeiture is not sought, the property is subject only to this
chapter.

(B)
A law enforcement agency
or prosecuting authority shall not directly or indirectly transfer or refer any
property seized by the agency or authority to any federal law enforcement
authority or other federal agency for purposes of forfeiture under federal law
unless the value of the seized property exceeds one hundred thousand dollars,
excluding the potential value of the sale of contraband, or the property is
being transferred or referred for federal criminal forfeiture
proceedings.

(C)
Any law enforcement agency that receives moneys
from a sale of forfeited property under federal law shall deposit, use, and
account for the amounts, including any interest derived, in accordance with
applicable federal law. If the state highway patrol or the investigative unit
of the department of public safety receives such federal forfeiture moneys, the
appropriate official shall deposit all interest or other earnings derived from
the investment of the moneys into the highway patrol treasury contraband fund,
the highway patrol justice contraband fund, the investigative unit treasury
contraband fund, or the investigative unit justice contraband fund, whichever
is appropriate.

(D)
There is
hereby created in the state treasury the highway patrol treasury contraband
fund, the highway patrol justice contraband fund, the investigative unit
treasury contraband fund, and the investigative unit justice contraband fund.
Each fund shall consist of moneys received under division
(C) of
this section and shall be used in accordance with any federal or other
requirements associated with moneys received.